Forex
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
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GBP/USD Price 38.2% Fibo retracement acts as key barrier near 1.3470
GBP/USD corrects to near 1.3400 from its weekly high of 1.3467 posted on Thursday. The BoE left interest rates on…
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Offshore Yuan Falls, Still Set for Weekly Gains
The offshore yuan weakened to 6.89 per dollar on Friday, reversing the previous session’s gains as a stronger greenback weighed…
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Bank of Japan – Ueda’s Hawkish Signal Bolsters Yen Despite Energy Shock
The Governor of the Bank of Japan (BoJ), Kazuo Ueda, surprised markets with a hawkish tone, leaving the door open…
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Trade of The Day – EUR/USD
Facts EURUSD (D1 timeframe): the pair has fallen below the 1.150 level and remains under pressure due to dollar strength.…
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EUR/USD Under Renewed Selling and Central Bank Narritives
EURUSD is currently under renewed downward pressure, approaching the 1.1450–1.1500 area. A stronger US dollar and rising geopolitical uncertainty are…
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Pound Steady Ahead of BoE Decision
The British pound held near $1.327 on Thursday as investors balanced escalating energy costs against weaker-than-expected UK wage growth, just…
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Chart of The Day – EUR/USD
EURUSD is posting a modest pullback today, following a sharp move higher from around 1.135 to 1.152. Today may prove…
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NZD/USD trades above mid-0.5800s but remains capped ahead of FOMC decision
NZD/USD attracts some buyers during the Asian session, though it lacks follow-through. A positive risk tone keeps the USD bulls…
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Canadian Dollar holds steady ahead of Fed, BoC policy decisions
USD/CAD steadies as traders await Powell’s guidance on oil surge impact on Fed policy outlook. Federal Reserve expected to hold…
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GBP remains flat as traders adopt caution ahead of Fed decision
GBP/USD holds steady as investors stay cautious ahead of the Fed’s rate decision on Wednesday. Traders await Powell’s guidance on…
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